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Job Market Holds Steady Amid Fed Pause
Description
Jobless claims dipped slightly to 226,000—right in economists’ forecast—while hiring remains strong: 172,000 jobs added in May, averaging 188,000 monthly over the last three months. Unemployment sits at a historic 4.3%, and job openings hit 7.6 million, the highest since May 2024. The Fed held rates steady amid lingering inflation concerns, hinting at possible hikes later this year that could temper hiring—but for now, the labor market’s pulse remains steady and resilient.
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